Hogan Lovells has advised JP Morgan as sole bookrunner on an equity placing by Helical Bar to raise gross proceeds of £29 million. The placing completed on 8 December.
10,730,000 ordinary shares, representing 9.99% of Helical Bar’s issued share capital, were placed through an accelerated bookbuild. The proceeds will be used to provide extra financial resources for Helical Bar to pursue new opportunities, including several office and mixed-use development schemes in Central London.
The Hogan Lovells team acting for JP Morgan was led by Nigel Read (Partner) assisted by Olivia Stuckey (Senior Associate). Peter Kohl (Partner) and Chris Osborne (Associate) advised on US securities law issues.
Nigel Read, partner in Hogan Lovells Corporate practice, said:
“We are pleased to have acted again for JP Morgan in assisting Helical Bar to raise funds that will allow it to pursue exciting opportunities in central London. We acted for JP Morgan on a previous equity placing by Helical Bar in 2009 and we are delighted to have the opportunity to do so again on this occasion.”
